First lady Michelle Obama the other day railed at "the few at the top," who do all sorts of bad things. A few months ago, we began hearing of the "1 percent" who are responsible for the current economic mess. "They" apparently make all their money at the expense of the other 99 percent. Are they the same as last year's villains, who had not paid "their fair share" in making over $200,000 in annual income?
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Up to 40 million Chinese people still live in caves. That's more than the populations of Texas and Illinois, combined. In fairness, a fraction of these caves are apparently pretty nice, complete with electricity and well-compacted dirt floors. But that's grading on a curve because, well, they're still caves.
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According to Berkshire Hathaway's (NYSE: BRK-B) most recent filing, the company just purchased 189,000 more shares of this stock. Buffett and Berkshire already had a 216,000 share stake in the company. With the new purchase, they now own 405,000 shares -- a stake worth roughly $125 million.
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Some exciting developments in the Republican presidential race are being ignored by the media. We believe Americans will be excited when they understand the revolutionary nature of these candidate's proposals.
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Last week, Newt Gingrich released his 21st Century Contract with America, composed of 10 specific legislative proposals he would enact if elected President. In the 1994 Congressional campaigns, Republicans not only rode Newt's Contract with America proposals to Republican majorities in Congress. They maintained their House majority for 12 years, after Republicans had only held a House majority for 2 of the previous 74 years.
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The biggest single obstacle that Obama faces in getting reelected is that Americans don’t trust him anymore. Nor should they, based on results, history and the false premise under which he was elected. Wanna know what Obama’s going to do in the future? Look at what he’s done in the past.
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Reader Blake writes "As a libertarian I am appalled that a senator would directly attack an individual company for pricing decisions made by that company."
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A rattled tone of desperation has taken hold of President Obama's once self-confident rhetoric as he struggles to rally his party's dispirited political base.
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Honestly, it’s difficult for me to be so disrespectful to two people of such prominence; I prefer to simply express an opinion regarding public policy and then make the case for my argument. But neither of these two esteemed gentlemen has a clue about how our tax system operates, nor the history and consequences of changes to the nation’s tax laws.
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America--the home of the free and the brave--is changing. Could we still find those self-reliant, confident Americans like those who put their kids and possessions into a covered wagon and populated our country's manifest destiny?
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If you work hard, play by the rules, save your money, create jobs, and make a success out of yourself, President Obama and the Democrat party will plunder everything you have worked so hard for, because in their view that is only fair.
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The government's incentive to expand isn’t based on profit at all. It’s based on power. The more it can expand, the more power it has. The more power government has, the less freedom individuals have. Government always will want more revenue.
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President Obama and the Democrats are finally happy. Liberated from thoughts of compromise with Republicans, they can fully indulge their most lascivious pleasure -- trashing rich people.
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So our love of idolizing the yappy captains of industry has come to the point where George Kaiser controls investments, Warren Buffett controls tax-policy, George Soros controls media and organizing, T. Boone Pickens controls our energy policy and TV pundits treat the Donald’s TV reality candidacy like it’s, um, reality.
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The most important feature of President Obama’s “jobs speech” to Congress last week is this: For the first time in his presidency Barack Obama actually sounded like he really and truly believes that economic incentives matter in the labor market.
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Former Massachusetts Governor Mitt Romney joined me in Las Vegas yesterday to discuss his new jobs and economic plan. He also shared some thoughts on his new Republican rival, Texas Governor Rick Perry.
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